BNP Paribas

June 24, 2011 10:54 ET

BNP Paribas Corporate & Investment Banking Announces Senior Appointments Within Fixed Income

Strategic Plan to Build Out Emerging Markets and USD Capabilities

NEW YORK, NY--(Marketwire - Jun 24, 2011) - BNP PARIBAS Corporate & Investment Banking (CIB) is pleased to announce a number of senior appointments within its Fixed Income division, as part of a strategic plan to build out its emerging markets and USD capabilities. The following changes will take effect on 1st September 2011.

Henri Foch, currently Head of Fixed Income, Asia Pacific, is promoted to Global Deputy Head of Fixed Income. Henri will be based in London, reporting to Frédéric Janbon, Global Head of Fixed Income. Following his outstanding contribution over the last few years in Asia, Henri will play a wider and key strategic role across fixed income, bringing a wealth of experience, particularly of emerging market products and the needs of clients in that area.

Bob Hawley, currently Head of Fixed Income in the Americas, will move to Hong Kong to become Head of Fixed Income, Asia Pacific reporting to Frédéric Janbon and to Eric Raynaud, CEO, CIB Asia Pacific. Bob is a long-standing member of the executive team, including a period as Head of Fixed Income, Japan and has been closely involved in the Asian development plan across our institutional and corporate client franchises. In his new role, Bob will drive forward this plan and our overall push into Asia.

Christian Mundigo and Kip Testwuide are promoted to Co-Heads of Fixed Income, Americas from their current roles as Co-Head of Credit Trading & Head of Fixed Income Trading, Americas and Head of Fixed Income Distribution & Origination, Americas respectively. Christian and Kip will build on the excellent work carried out by Bob and focus on maximising the synergies between trading and sales and increasing the size of our flow products businesses. Both will join the Fixed Income Executive Committee and the CIB North America Regional Management Committee, reporting jointly to Frédéric Janbon and Everett Schenk, Head of BNP Paribas CIB, North America.

David Brunner, currently Global Deputy Head of Fixed Income, will relocate to New York after the summer to take up a senior position with broader responsibility within CIB as a whole, the details of which will be announced shortly.

Commenting on these changes, Frédéric Janbon said: "As we continue to operate in a challenging environment, these appointments will help us to implement our goals in USD and emerging markets. This is a key part of our overall strategy to continue building a highly successful and competitive global fixed income business."

Appendix: Biographies
Mr. Henri Foch was appointed Head of Fixed Income Asia-Pacific in January 2008. Prior to that, he was Global Head of Foreign Exchange Trading from 1994. Henri started his career in the foreign exchange markets at BNP in Paris and subsequently worked at Chase, l'Europeene de Banque and Bank of America.

Mr. Bob Hawleywas appointed Head of Fixed Income Americas in 2005. He is a member of the North America Management Committee, Member of Fixed Income Exec, Member of the Supervisory Board of BNPP Brazil, SIFMA Board Member, CEO (President) of BNP Paribas Securities Corp. Between 2002 and 2005, Bob was Head of Fixed Income Japan.

Mr. Christian Mundigojoined BNP Paribas in 1991 and has worked in number of senior trading roles, most recently as Head of Fixed Income Trading in the Americas and Global Co-Head of the Interest Rate Group (IRG). He was appointed Co-Head of Credit Trading and Head of Fixed Income Trading New York in May 2010.

Mr. Kip Testwuide joined Paribas in 1986. Aside from his current role as Managing Director, Head of Origination and Distribution of Fixed Income Products, Americas, Mr. Testwuide is a member of the bank's Investment Banking Management Committee for the Americas and a member of the Management Committee for the Americas as well as the Global Business Committee. Mr. Testwuide received a B.A in Economics and Finance from the University of Wisconsin School of Business.

Mr. David Brunnerbecame Deputy Head of Fixed Income in December 2009. Prior to that Mr Brunner was responsible for the client activities of Fixed Income as Global Head of Origination and Distribution, also based in London. Before relocating to London in 2005, he had regional responsibility for the Fixed Income and Equity activities in the Americas, based in New York. He was Chief Executive Officer of BNP Paribas Securities Corp, the US broker-dealer subsidiary of BNP Paribas. Mr. Brunner has been with the firm since 1981, with a wide range of responsibilities in the Corporate and Investment Bank in New York, Paris, Frankfurt and London. Mr. Brunner has an Engineering degree from Cornell University and a Masters in Business Administration from Stanford University.

About BNP Paribas Corporate and Investment Banking

BNP Paribas Corporate and Investment Banking employs around 20,000 people in over 50 countries and services 14,000 corporate and institutional clients worldwide.
BNP Paribas CIB excels in:

  • Derivatives - where it is one of the leading global players in rates, credit, forex, commodity and equity derivatives.
  • Capital markets - where it is one of the top European houses in both ECM and DCM (bond, securitisation, convertibles and equity issuance).
  • Structured finance - where it is amongst the leaders in acquisition, export, project, energy and commodity finance globally.

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